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Risk Management
OPEN ENROLLMENT NEWS
New Letters
Classified and Non-Represented Cost memo
OPEN ENROLLMENT IS HERE
November 1 through November 30, 2011
This is your once-a-year opportunity to make changes to your benefits. For example you can:
All changes made during Open Enrollment will be effective January 1, 2012.
At this time the District has no plans to change any of the benefits plans or provisions.
Effective January 1, 2012, Classified and Non-Represented employees and retirees will share a small portion of the health care premiums.
If you’re satisfied with your current benefit elections and want to keep them for 2012, no further action is required. The one exception is the District’s Flexible Spending Accounts (FSA plan), to participate in the FSA plans for calendar year 2012, re-enrollment is required
The District offers all eligible employees a Comprehensive Vision plan administered by MES Vision. Retirees are not eligible to participate in this plan. The cost for this coverage is $0.27 per month (tenthly) for Classified and Non-Represented employees and no charge for TALB members.
If you’re eligible, the District automatically provides you with life and AD&D insurance:
Ceridian will continue to be the FSA plan administrator.
The District gives you access to two flexible spending accounts (FSAs) — a Health Care FSA and a Dependent Care FSA. These accounts let you pay for certain expenses using pre-tax contributions — that means less of your paycheck goes to taxes and you take home more money! The FSAs are administered by FBMC.
When you take advantage of the FSAs, you can:
With FSAs, you can also save for expected out-of-pocket costs, such as:
When you enroll in an FSA, you elect how much money you want to contribute for 2012. The District then takes that amount out of your paychecks in equal installments — before taxes are taken out. You can then submit a claim for reimbursement from these accounts whenever you have eligible expenses.
However, it’s important to budget carefully, because any money that’s left over at the end of the year will be forfeited. And keep in mind that once you’ve elected a contribution amount, you’re not allowed to change it during the year unless you have a qualifying status change (although not all status changes allow you to change your contribution amount).